Apparels

Top Form International Limited has reported HK$236.3 million (~$30.4 million) in Q1 FY26 sales, down 25 per cent YoY amid weakened US demand and tariff uncertainties.
The US led sales with 74 per cent. Margins were pressured by lower factory use and product mix.
The group maintained solid liquidity, anticipating near-term challenges from global trade, inflation, and geopolitical tensions.

Baazar Style Retail, backed by Rekha Jhunjhunwala, reported a strong turnaround with Q2FY26 net profit of Rs 51 crore versus a Rs 9 crore loss last year, driven by 71% YoY revenue growth to Rs 532 crore. Jhunjhunwala held 3.39% stake in the company as on September 30, 2025 and the value of her holding stands at Rs 83 crore.

Switzerland’s apparel imports rose 7.1 per cent to $6.564 billion in January–September 2025, with China retaining a 28.98 per cent share.
China had earlier peaked at 32.99 per cent during 2020, when imports surged to $2,476.099 million due to pandemic-driven sourcing dependence.
However, diversification and rising costs have prevented a return to that level.

Adidas and Patrick Mahomes announced the second Team Mahomes NIL cohort of Texas Tech student-athletes in Lubbock, coinciding with the debut of the “Too Cold” uniform featuring Mahomes’ Gladiator logo.
The programme supports athlete development on and off the field, reinforcing Mahomes’ continued commitment to his alma mater and Adidas’ evolving role in athlete-brand partnerships.

A steep 40 per cent tariff on Myanmar’s garment exports has made its products far less competitive than those from Bangladesh, Cambodia, Indonesia, etc, triggering a sharp decline in US orders.
Beyond tariffs, Myanmar’s apparel sector also faces growing headwinds from political instability, sanctions, poor infrastructure, and global scrutiny over labour rights.

Allbirds reported Q3 FY25 net revenue of $33 million, down 23.3 per cent y-o-y, with gross profit of $14.2 million and a 43.2 per cent margin, down 120 bps.
Declines were driven by international distributor transitions, retail closures, and higher duties.
SG&A fell to $21.7 million.
The company focuses on cost reduction, liquidity, and growth initiatives.

Lojas Renner’s Q3 FY25 retail sales rose 4.2 per cent (4.7 per cent in apparel), with apparel margins improving to 56.2 per cent.
Net income grew 9 per cent to R$279 million (~$53 million), and free cash flow reached R$473 million (~$89.9 million).
Despite weather-related sales impacts, profitability and efficiency improved. Digital sales accounted for 17 per cent.

V-Mart Retail has reported a significantly reduced net loss for the September quarter. The company saw its losses narrow to Rs 8.9 crore. This improvement was driven by stronger festive demand and better operational performance. Revenues climbed 22% year-on-year. For the half-year, V-Mart posted a net profit, a notable shift from last year’s loss.

Lenskart CEO Peyush Bansal, during the company’s listing ceremony, emphasised the firm’s mission over valuation, saying it was built to improve eyesight in India. During an interaction with ET, he has said that long-term partnerships and sustainable growth were more important than valuation. The IPO, open from October 31 to November 4, saw massive interest, with bids exceeding 28 times the shares on offer.

Canada Goose has reported revenue of $272.6 million in Q2 FY26, up 1.8 per cent YoY, driven by 21.8 per cent DTC growth.
Gross margin improved to 62.4 per cent, though higher SG&A costs led to a net loss of $15.2 million.
For H1 FY26, revenue rose to $380.4 million, with increased marketing and retail investments positioning the company for stronger second-half performance.